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10:40 AM ET, August 16, 2016

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 Top News: 
Alex Sherman / Bloomberg:
Source: Gawker attracted only two formal takeover bids, from Ziff Davis and Univision; if outbid by Univision, Ziff Davis is entitled to a $2.47M breakup fee  —  Gawker Media, driven into bankruptcy in June after losing an invasion-of-privacy lawsuit to Hulk Hogan, has attracted formal takeover offers …
RELATED:
Peter Kafka / Recode:
An FAQ guide to Gawker Media's auction on Tuesday and the bidding process  —  Questions and answers — and the reason Gawker is like Lehman Brothers and GM.  —  Sometime in the next day or so, we should know who's going to buy Gawker Media: Bids for the bankrupt blog pioneer are due by 5 pm ET today …
Peter Thiel / New York Times:
Peter Thiel says he will support Hogan “until his final victory”, advocates a “Gawker bill” that would criminalize profiting from explicit private images  —  Last month, I spoke at the Republican National Convention in Cleveland because I believe our country is on the wrong track …
RELATED:
John Koblin / New York Times:
Larry Wilmore's “Nightly” show, Comedy Central's replacement for The Colbert Report, cancelled as network says it hasn't resonated with audiences  —  In the midst of a wild and unpredictable presidential campaign, Comedy Central is upending its late-night lineup and canceling Larry Wilmore's show.
Sarah Perez / TechCrunch:
In bid to sign up new Prime subscribers, Amazon distributes pilot episodes from Amazon Video's original series on Facebook and YouTube  —  Amazon this morning announced that, for the first time ever, it will begin distributing its Original Series from Amazon Video to social media sites, including Facebook and YouTube.
Discussion: Broadcasting & Cable and Variety
Michael M. Grynbaum / New York Times:
Profile of Bill Shine, newly appointed Fox News co-president and longtime Fox loyalist, who for years was known as Roger Ailes' right-hand man  —  Bill Shine, the newly appointed co-president of Fox News, commutes two hours every morning from Long Island to Midtown Manhattan …
Shan Wang / Nieman Lab:
The Wall Street Journal is making its paywall more flexible, with 24-hour guest passes for non-subscribers and expanded social sharing  —  The Wall Street Journal's proposition has, for many years, been clear: Pay for our journalism, including online.  —  Many do: The Journal recently hit …
Discussion: FishbowlNY and Techdirt
Peter Kafka / Recode:
Joe Brown, executive editor of Wired, will take over as editor in chief of Popular Science; he's the magazine's fourth editor in four years  —  He's the magazine's fourth editor in chief in four years.  —  Popular Science has had three editors in four years.
Bill Adair / Poynter:
More than 100 news outlets are now routinely fact-checking politicians' statements , up more than 50% in the past year  —  Political reporters are showing that fact-checking isn't just for fact-checkers.  —  After Donald Trump declared repeatedly last week that President Obama and Hillary Clinton …
Jena McGregor / Washington Post:
As his fifth anniversary as Apple CEO approaches, Tim Cook reflects on his tenure and Apple's future: mistakes, progress made, acquisitions, services, content  —  Apple's CEO talks iPhones, AI, privacy, civil rights, missteps, China, taxes, Steve Jobs — and steers right past the car rumors
Lucia Moses / Digiday:
As Arianna Huffington steps down, the website she founded is an outmoded portal with lagging traffic  —  The Huffington Post was breezily dismissed as Arianna Huffington's vanity play when it launched in 2005.  But it proved doubters wrong by building a massive online audience …
 
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 More News: 
Variety:
Sources: TV operator Sky to test European market by launching OTT service Now TV in Spain
 Earlier Picks: 
Peter Kafka / Recode:
Source: Condé Nast was in advanced talks to buy tech review site Digital Trends for $120M, but the deal fell through